You can increase taxes by 100% across the board and you still wouldn't be able to put a serious dent in the national debt.

American has decided it will be a world policeman and a nation filled with those on the government dole. Unless extreme cuts are directed towards Medicare/Medicaid, public assistance, and Defense, the United States will become bankrupt.

I think the real question here, isn't why shouldn't they give it up, its why should they be forced to fork over half of what they earn? It makes no sense. Go out and earn a lot of money, but if you do, we're going to take half.

The same could be said about any tax of any kind and any type. Besides, I don't think the thees starter wants to take half of what people earn, but half of what they earn over 1 million. So if you make 1.5 million then don't get taxed 750k you only get taxed 250k (half of earnings OVER 1 million )

The same could be said about any tax of any kind and any type. Besides, I don't think the thees starter wants to take half of what people earn, but half of what they earn over 1 million. So if you make 1.5 million then don't get taxed 750k you only get taxed 250k (half of earnings OVER 1 million )

that 1 million would still get taxed at a lower rate as well dizzle thats the way our tax system works.

again why does anybody feel the govt has a right to 50% of anybodies shit?

that 1 million would still get taxed at a lower rate as well dizzle thats the way our tax system works.

again why does anybody feel the govt has a right to 50% of anybodies shit?

They don't. I think Taylors point was that anything OVER 1 million, the goverment takes 50%. So in reality, if you made 2 million, they'd take 500k from the 2nd million, in addition to the standard tax rate on the 1st million.

Yes that's how our system works but I wouldn't have it set up that way if it was up to me. I don't like taxation because its coercion howeve being pragmatic and realizing the debt we have and the entitlements we need to honor I would enact something like first 250k is tax free and everything over that gets taxed at 30 or 40percent

Yes that's how our system works but I wouldn't have it set up that way if it was up to me. I don't like taxation because its coercion howeve being pragmatic and realizing the debt we have and the entitlements we need to honor I would enact something like first 250k is tax free and everything over that gets taxed at 30 or 40percent

Im not sure there is enough people earning over 250k to support our current system.

Asking what right the government has to take 50% of somebodies money is a good question that applies even if the government is only takin 0.01% of peoples wealth.

I feel that we have a duty to pay taxes not for the governments sake, but for the sake of our fellow citizens... but IMHO, 50% is retarded no matter how much you make. I guess it becomes a question of, where is the line?

Like some people have said, a sales tax would make more sense, the more you buy, the more you pay in.

Probably not but if you apply that tax rate to capital gains and inheritance and don't allow any exemptions of any kind then it would probably be sufficient so long as we started being better about how we invest and spend our revenues

Probably not but if you apply that tax rate to capital gains and inheritance and don't allow any exemptions of any kind then it would probably be sufficient so long as we started being better about how we invest and spend our revenues

I don't agree with inheritance, that money has already been taxed. Why should it be taxed twice?

A duty to your fellow man doesn't mean paying taxes it just means helping in what way you can. Besides, if your neong forced to give the money, is there really any moral value to that act? It wasn't by choice that you psof the tax, OT was at gun point. Now if on your income statement you got to voluntarily check a box for a program and donate however much you wanted, then that would be morally valuable